SPACs
Learnd BMS Integration Business, SPAC Listing & Growth Strategy Examined
May 9th, 2023Another Failed PropTech SPAC: Enocean Terminates Merger Agreement with Parabellum
May 8th, 2023
Gorilla Technology Video Surveillance Business & 2022 Financials Examined
In this Research Note, we examine Gorilla Technology Group, the Taiwanese video surveillance business, based on their 2022 financial results, Annual Report, investor presentations and strategic pivot to Security Convergence. This is an update on our previous article, SPACS: The 800-pound Gorilla in the PropTech Room. The Gorilla Technology IPO, was completed in July 2022, […]
Matterport Digital Twin Business and 2022 Financials Examined
In this Research Note, we examine Matterport, the U.S. digital twin business, based on 2022 financial results, investor presentations, 10K Annual Report and recent press releases. Since its founding in 2011, Matterport, headquartered in Sunnyvale, California, has been a first mover in digitizing, accessing and managing buildings, spaces and places online, with their 3D capture […]
Smart Building SPAC Trend Continues with Hybrid Work Play CXApp
Since 2019 the business world has been inundated with high-profile SPAC deals. And while we have certainly seen a slowdown in SPAC deals in recent months, the SPAC trend is by no means over. In the smart building industry, a new SPAC was completed this month, as workplace experience platform provider CXApp completed a business […]
Funding for Smart Building Startups Reached $5.9 Billion in 2022
Our new research delves into the investment from venture capital, private equity and corporate backers for smart building startups. Since 2015, total capital invested in startups in the global smart building space amounted to over $31 Billion. In the last 2 years (which are the focus of this report) it reached unprecedented levels with $5.9 […]
Will Smart Building Vendor “Restructuring” Continue into 2023?
We have been keeping track of the notable layoffs and bankruptcies in 2022. The table below highlights 15 companies that have cut staff or closed last year. These are certainly not the only companies cutting costs and reducing personnel. However, it is apparent that even though the commercial smart building space has not been immune […]
3 Things We Learned About Smart Building SPACs in 2022
2021 was the “Year of the #SmartBuilding SPAC” when 9 companies completed a business combination. So what does that make 2022? We have analysed 17 companies, that fit our definition of a PropTech business, to determine what their financial performance looked like in 2022 and what we might expect to happen in 2023 and beyond. […]
Mapping View Inc.’s Smart Building Strategy
View is one of the most well-known brands in the area of dynamic glass and smart windows, which are becoming an increasingly common element in smart buildings. As a start-up, View rose to unicorn status in 2018 with support from a range of top investment funds and it was one of the first smart building […]
EnOcean: The Latest Smart Buildings Firm to Ride the SPAC Wave
The alternative IPO trend continues as German firm EnOcean announces its intention to implement a reverse merger with a SPAC to take them public early next year. Special purpose acquisition companies (SPACs) have proved a popular route for companies to list on the stock market without the rigmarole of a traditional IPO process. However, more […]
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